Carbon black finds the majority of its usage in the manufacturing of tires and plays a vital role in increasing tire’s tread wear and rolling resistance. Tires in an automobile are responsible for better handling, increased fuel efficiency (tire pressure, treading, traction), and grip with the road surface. Tire manufacturers frequently upgrade and make improvements to their existing line of products to meet consumer, regulatory and environmental requirements. In addition to finding broad application scope in the automotive industry, carbon black finds usage in construction, chemicals and electrical & electronics industry for providing strength to industrial rubber compounds and equipment.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the carbon black market. The scope of this report covers the carbon black market by its major segments, which include the types, applications, and the major geographic regions.

KEY BENEFITS OF THE REPORT

In-depth analysis of the market ecosystem and its impact on the revenue growth

Understanding of the strategies that are being adopted by the key players in this market to stay competitive

Valuable insights into the key technological and market trends impacting this market

Increasing demand for specialty carbon black has prompted leading carbon black manufacturers to either increase their production capacity in the segment or convert the production line for standard carbon black to specialty carbon black.

Increasing investment in tire industry coupled with rising demand for specialty products is anticipated to propel growth in global carbon black market through the forecast period.

The regional market is characterized by high industrial growth, favorable legislative and monetary framework which led to increased private investments in manufacturing sectors of Southeast Asian countries. China and India, major consumers in the region, are expected to grow exponentially over the forecast period. Growing automotive industry coupled with the shift of manufacturing facilities to China, India, Indonesia, and Thailand is anticipated to drive further demand in Asia Pacific. Increasing plastics production as a result of high demand from packaging, medical devices, automotive, and electronics sectors shall also provide the required impetus for Asia Pacific growth. North America and Europe are characterized by increasing intervention from regulatory agencies regarding emissions during carbon black production.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s carbon black market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.